Huge flight of funds from global equity funds

[yota691]

Huge flight of funds from global equity funds

 

Huge flight of funds from global equity funds

 

29-08-2015 12:25 PM

 

Are free -

'Bank of America Merrill Lynch, said that investors pulled a record amount of funds from global equity funds in the week until August 26. The withdrawal of investors $ 29.5 billion-including $ 19 billion on one- is the largest flight of funds from global equity funds since 2002. Bank of America said in a note on Friday that the withdrawal of $ 19 billion on August 25, was the second-biggest drag on the global equity funds since 2007, according to news agency Reuters. Fears about the strength of China's economy and Beijing's attempts to contain market turbulence since the value of its currency reduced the yuan earlier this month, in a wave of sharp decline in Chinese stocks, pushed global markets to retreat. He said Bank of America that investors pulled an amount net of funds worth $ 10.5 billion of those funds, the largest withdrawal since January 2008 and the withdrawal of investors $ 12.3 billion of specialized funds to invest in US stocks, the largest withdrawal in 16 weeks while poured $ 3.3 billion into funds investing in Japanese stocks. According to the Bank of America, since the beginning of this year lost equity funds in the market Emerging $ 48.4 billion, while equity funds attracted in developed markets 48.9 billion.